Over the three years of the armed aggression of Russia against Ukraine, the volume of trade between the two countries fell by almost $ 30bn, or 78%. The data of the State Statistics Service on Ukraine's foreign trade in 2016 indicate that Russia still remains the main trading partner of Ukraine, although its share fell from 27.3% to 11.5%.
In 2013, the trade turnover between Ukraine and Russia was at about 38.3bn dollars, but in 2016 dived to 8.7bn dollars.
Over the past year the reduction amounted to 30%, or $ 3.6bn.
Top 10 largest trading partners of Ukraine in 2016 were:
- Russia - 8,740bn dollars (exports 3.6bn, imports - 5.1bn)
- China - 6.521bn dollars (exports - 1.8bn, imports - 4.7bn)
- Germany - 5.742bn dollars (exports - 1.4bn, imports - 4.3bn)
- Poland - 4.893bn dollars (exports - 2.2bn, imports - 2.7bn)
- Belarus - 3.681bn dollars (exports - 903mn, imports - 2.8bn)
- Italy - 3.288bn dollars (exports - 1.9bn, imports - 1.4bn)
- Turkey - 3.149bn dollars (exports - 2.0bn, imports - 1.1bn)
- India - 2.389bn dollars (exports - 1.9bn, import - 486mn)
- Egypt - 2.315bn dollars (exports - 2.3bn, import - 49mn)
- USA - 2.115bn dollars (exports - 426mn, imports - 1.7bn).
In general, the 2016 Ukrainian exports amounted to 36.36bn dollars (4.6%), import - 39.25bn (4.6%). The negative trade balance was at $ 2.89bn.
For comparison, last year exports amounted to 38.1bn dollars, and imports -. 37.5bn balance of trade was the first time in 11 years was positive and amounted to 632.5mn dollars.